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Intrinsic Value of Preferred Share Assignment | Homework For You

Author:
May 25th, 2020
Question 28 1 pts A preferred stock has a 6.25 percent dividend yield and $100 par value.Homework For You
This preferred stock is perpetual, nonconvertible, and noncallable.
The required rate of return on similar issues is 7.50 percent.
The intrinsic value of each preferred share is closest to:
$100.00 $83.00 $120.00. Get Finance homework help today

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